Schaeffler India Limited announced that its CEO & Managing Director, Mr. Harsha Gopal Kadam, has been taken into custody for investigation. This action is related to an accident on June 9, 2026, at the company’s factory premises in Talegaon, Pune, which resulted in the loss of lives of two workers from a service provider. The company is cooperating with the authorities and evaluating the situation with legal advisors, stating that business operations continue as normal.
CEO & MD Detained in Factory Accident Investigation
Schaeffler India Limited has disclosed the detention of its Chief Executive Officer (CEO) & Managing Director, Mr. Harsha Gopal Kadam, for investigative purposes. This development stems from an incident that occurred on June 9, 2026, at the company’s factory premises located in Talegaon, Pune. The accident, which involved a sudden CO2 gas discharge during a scheduled cylinder replacement, resulted in the unfortunate loss of lives of two employees from the company’s service provider.
Investigation Details and Company Response
The Talegaon MIDC Police Station and Pimpri Chinchwad Police Commissionerate are conducting the investigation under the provisions of the Bharatiya Nyaya Sanhita, 2023. Mr. Kadam has been taken into custody as the ‘occupier’ of the factory premises. Schaeffler India has confirmed that the company, its employees, officers, and the Managing Director have been cooperating with the Authority throughout the investigation. The company is actively assessing the unfolding situation in consultation with its legal advisors and is committed to taking all necessary steps in accordance with applicable law to resolve the matter.
Operational Continuity
Despite this significant development, Schaeffler India has reassured stakeholders that its business operations are continuing in the ordinary course. The senior management remains in charge of day-to-day management, and the company is committed to upholding compliance with all applicable laws.
Source: BSE
